EUR/USD is moving higher towards the keyresistance area between 1.3811 (11/12/2013high) and 1.3832. Hourly supports now stand at1.3724 (25/12/2013 high) and 1.3650 (25/12/2013low). In the longer term, the decline from the peakat 1.3832 (25/10/2013 high) indicates a significantexhaustion of buying interest. Coupled withoverbought conditions and other nearbyresistances such as the long-term decliningtrendline from the 2008 peak at 1.6038 (around1.3901) and the psychological threshold at1.4000, the upside potential seems limited.
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MIG Bank